According to GlobalData, the value of Canada construction market is forecast to grow by 1.5% in real terms in 2024, having grown by 1.7% in 2023. A key growth market will be the infrastructure market, with output rising by 2.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five leisure and hospitality building construction projects that commenced in Canada in Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Block 22 Student Accommodation Complex
The project involves the construction of a 28,428m2 of 12-story student accommodation building comprising 645 beds spread across 322 apartments at Perraton Avenue and McLaurin Street in Calgary, Alberta.
Construction work started in Q4 2024 and is expected to be completed in Q3 2027.
2. Cambridge Recreation Complex
The project involves the construction of two two-story 13,935m2 sports and recreation complex on 13ha of land in Cambridge, Ontario.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
3. North Bay Arena and Community Recreation Center
The project involves the construction of a 7,896m2 new arena and recreation center in North Bay, Ontario.
Construction work started in Q4 2024 and is forecast to complete in Q3 2026.
4. Davisville Community and Aquatic Center
The project involves the construction of a 17m tall three-story aquatic and community center in Toronto, Ontario.
Construction work commenced in Q4 2024 and is expected to be completed in Q1 2027.
5. Humboldt Broncos Tribute Centre
The project involves the construction of a new tribute center in Saskatchewan.
Construction work started in Q4 2024 and is expected to be completed in Q1 2027.
The project aims to highlight the perseverance, resiliency, inspiration, community spirit and national unity that emerged in the wake of the tragedy. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
